Grindr Stock Surges 10% Amid Potential $3 Billion Private Buyout
Grindr shares jumped over 10% Monday as majority shareholders Raymond Zage and James Lu reportedly seek to take the company private. The potential buyout at $15 per share would value the dating app at approximately $3 billion amid personal financial pressures.
Grindr stock surged 10.2% Monday following reports that majority shareholders Raymond Zage and James Lu are seeking to take the company private in a potential $3 billion deal. The dating app’s shares reached $13.18 in afternoon trading as investors reacted to news of a possible buyout at $15 per share, according to recent analysis of the company’s financial position.